Godawari E-mobility Plans To Invest Rs 150 Crore By 2023 To Build An EV Manufacturing Facility In Raipur.
Godawari E-mobility Pvt Ltd, a part of the Chhattisgarh-based Hira Group, plans to invest up to Rs 150 crore by 2023 for setting up an electric vehicle (EV) manufacturing unit at Raipur and launch new products as it looks to…
Honda Motorcycle All Set To Enter The Electric Vehicle Segment Next Fiscal
Two-wheeler major Honda Motorcycle & Scooter India (HMSI) is gearing up to launch its first electric product in the country in the next financial year, a top company official has said. The company, which sells popular models like Activa and…
Tata Motors To Raise $1 Billion In Passenger Electric Vehicle Business
Homegrown auto major Tata Motors said it will raise $1 billion (Rs 7,500 crore) in its passenger electric vehicle business from TPG Rise Climate at a valuation of up to $9.1 billion. Tata Motors Ltd (TML) and TPG Rise Climate,…
Battery Tech Startup Log 9 Raises Funds From Global Energy Solutions Company PETRONAS
Bengaluru-based battery-tech startup Log 9 Materials has raised $2 Mn in funding from global energy solutions company PETRONAS. This took the total funds raised in this round of funding at $10 Mn. The Series A round was led by Amara…
NMMC’s EV Charging Station in Navi Mumbai To Be Set Up By 2021-End
Navi Mumbai will soon get an electric vehicle (EV) charging station. The Navi Mumbai Municipal Corporation (NMMC) is setting a charging station in Nerul along the Palm Beach Road with three charging points. During 2020-21, the civic body had proposed…
Nippon India Files For Electric Vehicle Index Fund With Sebi
Nippon Life India Asset Management Ltd has applied for an open-ended scheme that will look to replicate or track S&P Kensho Electric Vehicles Index, which is designed to measure the performance of companies involved in the electric vehicle sector and…
EV Ride-Hailing Startup BluSmart Raises $25 Million Funding Round Led By BP
BP Ventures has made its first direct investment in India by pumping in USD 13 million in integrated EV ride-hailing and charging company BluSmart. It led a USD 25 million Series A round that also saw support from Mayfield India…
SoftBank Group-Backed Ola Electric Raises Over $200 Million
A unit of SoftBank Group-backed Indian ride-hailing company Ola has raised more than $200 million, led by venture capital firm Falcon Edge, at a valuation of $3 billion, the company said in a statement. The company’s Ola Electric unit aims…
Mahindra Considering Funding Options For EV Supercar Unit
Mahindra & Mahindra Ltd is considering options to raise funds for its unit Automobili Pininfarina, as the Indian automaker looks to start production of its $2.2 million electric hypercar, according to a report. The Munich-based luxury electric vehicle unit had…
EV Maker WardWizard Plans To Double Its Annual Production Capacity To 2 Lakh Units
Electric two-wheeler maker WardWizard Innovations and Mobility Ltd said it will double its annual production capacity to 2 lakh units with the setting up of an assembly line at Vadodara plant. The company, which sells electric two-wheelers under the ‘Joy…
